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EssilorLuxottica SA
DB:ESL
法國 / 保健 / 醫護設備及用品
貨幣
€
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股息
財報
模型
財務狀況
比較
穩健度
圖表
5 年 DCF 收入退出價
股價
268.90
EUR
公允價值
219.18
EUR
Metrics
Range
Conclusion
Discount Rate
9.0% - 8.0%
8.5%
Terminal Revenue Multiple
3.2x - 3.6x
3.4x
Fair Value
€205.01 - €233.90
€219.18
Upside
-24.9% - -14.3%
-19.7%
7.5%
Revenue 5y CAGR
26.4%
5y Avg EBITDA Margin
13.6%
Unlevered FCF 5y CAGR
5-Year DCF Model: Revenue Exit
分享
儲存
股價
268.90
EUR
公允價值
219.18
EUR
看漲
-19.7%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(EUR in millions)
Input Projections
Fiscal Years Ending
Dec-24
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Revenue
26,508
28,859
30,826
33,232
35,328
38,142
% Growth
4.4%
8.9%
6.8%
7.8%
6.3%
8.0%
EBITDA
5,562
7,423
8,168
9,065
9,288
9,930
% of Revenue
21.0%
25.7%
26.5%
27.3%
26.3%
26.0%
支援算式
Calculation of Free Cash Flow
Discounting Periods
Discounting Factors
Calculation of Enterprise Value
Equity Waterfall
Historical Financials
Current Trading Multiples
Calculation of Free Cash Flow
Projected Unlevered Cash Flow
(EUR in millions)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
EBITDA
7,423
8,168
9,065
9,288
9,930
Other Income / (Exp)
0
0
0
0
0
D&A
(2,353)
(2,531)
(2,832)
(2,330)
(2,430)
EBIT
5,070
5,636
6,233
6,958
7,500
Pro forma Taxes
(1,217)
(1,353)
(1,496)
(1,670)
(1,800)
NOPAT
2,646
3,854
4,284
4,737
5,288
5,700
Capital Expenditures
(1,522)
(1,596)
(1,695)
(1,751)
(1,888)
(2,039)
NWC Investment
(29)
(61)
(51)
(63)
(55)
(74)
(+) D&A
2,081
2,353
2,531
2,832
2,330
2,430
Free Cash Flow
3,175
4,549
5,069
5,755
5,675
6,017
% Growth
43%
11%
14%
-1%
6%
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